Egypt’s EGPC, IEOC production surpasses 110k bpd

Egyptian General Petroleum Corporation (EGPC) and Eni’s subsidiary IEOC announced that they exceeded a daily production of 110,000 barrels of petroleum liquids through their joint ventures Petrobel and Agiba, following recent operational successes in new well startups, rig-based maintenance, and non-rig well interventions, according to a statement by the Ministry of Petroleum on Wednesday.

Production from the Sinai concession surpassed 60,000 barrels of oil per day — a level not achieved since 2023 — driven by the successful launch of the West Ferran-2 well, contributing around 4,000 barrels per day. The latest onshore and offshore maintenance campaigns further supported the increase. EGPC, IEOC, and Petrobel credited the performance to integrated team efforts and operational efficiency.

In Egypt’s Western Desert, Agiba’s concession areas also posted a strong contribution in recent weeks, with output exceeding 30,000 barrels of oil per day. The increase was spurred by the commissioning of new wells such as Mel-123 and SMel-C4, and by maintenance and non-rig interventions at MWD-8 and Zahra-7, yielding an additional 4,000 barrels per day. Associated gas production also surpassed 5 million cubic feet per day.

The partners said the gains reflect the effectiveness of a renewed approach to advanced geological reservoir modelling and the impact of adopting innovative technologies. Many long-idled wells previously considered unproductive using conventional methods have resumed output.

In addition to its joint ventures, IEOC is also benefiting from strong condensate production and oil output from its non-operated assets, which contribute around 20,000 barrels of liquids per day. This has brought its total production to more than 110,000 barrels per day. The company affirmed its commitment to maintaining this momentum and further enhancing asset performance.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama